StockNews.com initiated coverage on shares of GigaMedia (NASDAQ:GIGM – Free Report) in a research report sent to investors on Sunday morning. The brokerage issued a sell rating on the technology company’s stock.
GigaMedia Stock Performance
GIGM opened at $1.31 on Friday. The firm has a 50 day moving average price of $1.32 and a 200 day moving average price of $1.36. The company has a market cap of $14.48 million, a PE ratio of -3.54 and a beta of 0.41. GigaMedia has a 1 year low of $1.23 and a 1 year high of $1.56.
GigaMedia (NASDAQ:GIGM – Get Free Report) last posted its earnings results on Friday, May 3rd. The technology company reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $0.73 million for the quarter. GigaMedia had a negative return on equity of 8.94% and a negative net margin of 109.81%.
GigaMedia Company Profile
GigaMedia Limited, together with its subsidiaries, provides digital entertainment services in Taiwan and Hong Kong. It operates FunTown, a digital entertainment portal that offers mobile and browser-based casual games through branded platform. The company offers MahJong, a traditional Chinese tile-based game; casual card and table games; online card games; and chance-based games, including bingo, lotto, horse racing, Sic-Bo, slots, and various casual games.
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